Published: 2026-05-12T12:53:58.000Z
Chart AUD/USD Update: Further consolidation - background studies rising
1
Still little change, as prices extend cautious trade beneath the current year high around the 0.7280~ high of June 2022
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7515 | ** | 76.4% ret of 2021-2025 fall | S1 | 0.7200 | ** | break level, 61.8% ret | |
| R3 | 0.7500 | ** | historic congestion | S2 | 0.7100 | congestion | ||
| R2 | 0.7400 | ** | historic congestion | S3 | 0.7050 | * | congestion | |
| R1 | 0.7280~ | ** | June 2022 high | S4 | 0.7000 | * | congestion |
Asterisk denotes strength of level
13:45 BST - Still little change, as prices extend cautious trade beneath the current year high around the 0.7280~ high of June 2022. The daily Tension Indicator is flat, suggesting room for further consolidation. But rising daily stochastics and positive weekly charts point to room for later further gains. A close above 0.7280 will help to improve price action and extend April 2025 gains towards historic congestion around 0.7400. Meanwhile, support is at 0.7200. A close beneath here will add weight to sentiment and prompt a pullback towards congestion support at 0.7100.